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Toll-cum-annuity model for NH bids put in fast lane
The Centre plans to invite bids for national highway projects using a new toll-cum-annuity model. This hybrid approach combines build-operate-transfer and hybrid annuity model features. The revised agreement aims to optimise risk allocation and boost investor confidence significantly. The government will provide upfront financial support for certain projects with viability gap funding. This initiative seeks to revive private sector participation in infrastructure development.
Ceigall India JV emerges L1 bidder for Rs 705-cr Arunachal Pradesh highway project
Ceigall India said its joint venture with Sushee Infra & Mining has emerged as the lowest (L1) bidder for a road construction project floated by the Ministry of Road Transport and Highways (MoRTH), with an awarded cost of Rs 704.70 crore.
Ceigall India JV bags ₹705 crore Road Ministry project in Arunachal Pradesh
Ceigall India, through its joint venture with Sushee Infra & Mining, has emerged as the L1 bidder for a ₹704.7 crore Road Ministry highway project in Arunachal Pradesh, adding to a string of recent order wins across its infrastructure portfolio.
Ceigall India receives appointed dates for three HAM highway projects worth ₹4,050 cr
Shares of Ceigall India Ltd ended at ₹380.55, up by ₹22.20, or 6.20%, on the BSE.
Cube Highways Trust plans ₹5,000 crore IPO, eyes broader investor base
Cube Highways Trust is planning to launch its Rs 5,000-crore initial public offering, comprising entirely an offer-for-sale component, this month, as it looks to broaden its investor base and improve liquidity, people familiar with the matter said. The proposed issue is structured entirely as an offer for sale (OFS), according to the draft papers. Cube Highways Trust (Cube InvIT), which owns a portfolio of highway assets across India, had 27 operational assets spanning 8,754 lane kilometres across 12 states and one Union Territory as of March 31, 2026, with an average residual concession life of 18 years. In a message to unitholders in the FY26 annual report, its Chief Executive Officer Vinay C Sekar said the trust's strategy remains focused on disciplined acquisitions, predictable distributions, financial prudence and operational efficiency. About 85 per cent of the portfolio comprises toll road assets that benefit from traffic growth and inflation-linked toll revisions, and the .
Industrial park operator Ganesh Industrial to invest Rs 600 crore in NCR parks
Kolkata's Ganesh Industrial Complex is investing Rs 600 crore in new industrial parks across Delhi-NCR, targeting highway-adjacent locations. The company plans to develop around 110 acres in Haryana, leveraging strong demand from manufacturing and warehousing sectors. Ganesh Complex focuses on outright plot sales, creating integrated industrial ecosystems for clients like Amazon and Reliance, aiming for faster project execution and supply chain efficiencies in this key growth market.
RB Infrastructure Trust to transfer two BOT Highway assets with enterprise value of Rs 4,605 crore
IRB Infrastructure Developers announced a significant deal where its sponsored platforms will transfer two BOT highway assets, Solapur Yedeshi and Chittorgarh Gulabpura, to IRB InvIT Fund for Rs 4,605 crore. This strategic move reinforces IRB's position as a leading sponsor and O&M platform, propelling its ambition to build a substantial asset base in the coming years.
Higher performance guarantees from lower bids in highway projects: Road transport ministry
The government is tightening rules for highway project bids, demanding higher performance guarantees for offers exceeding 30% below original estimates. This move aims to prevent excessively low bids and protect the quality of national infrastructure. New guidelines, effective immediately, mandate E-Bank Guarantees for this additional security, explicitly rejecting surety bonds. This addresses a persistent trend of unusually low quoting in highway tenders.
Manglam Group to invest Rs 350 crore in Sheraton hotel in Jaipur
Rajasthan's Manglam Group is investing Rs 350 crore to build a 220-key Sheraton Hotel on the Jaipur-Ajmer Highway, marking their third partnership with Marriott International. This project is part of a larger Rs 1,000 crore hospitality investment plan. The hotel aims to showcase Jaipur's culture and boost its global profile for tourism and business, leveraging its strategic location near key destinations and a major SEZ.
Centre approves Rs 1,359 crore four-laning of the Nagaur-Bikaner stretch of NH-62 in Rajasthan
The Centre has approved a Rs 1,359 crore project to four-lane the Nagaur-Bikaner stretch of National Highway-62 in Rajasthan. This development under the Build-Operate-Transfer model will significantly improve connectivity in western Rajasthan. The project is expected to boost economic activity, create new investment and employment opportunities, and accelerate industrial and tourism growth in the region.
Battery tech startup Exponent Energy raises ₹200 cr in Series B extension
Exponent Energy has raised ₹200 crore in a Series B extension co-led by 360 ONE and TDK Ventures to expand its EV fast-charging network, retrofit business, and highway infrastructure for commercial vehicles.
NHAI flags off asset monetisation for FY27
The National Highways Authority of India has started its asset monetisation drive for the current financial year. Bids were opened for two national highway stretches in Tamil Nadu. Epic Concesiones 2 Pvt Ltd emerged as the highest bidder for TOT-Bundle 19. NHAI aims to raise significant funds through asset monetisation in the coming years.